I think regulators are too harsh on companies with the numerous and high amount of fines they impose on companies. The money that companies pay as fine is shareholders own. So I feel regulators should be soft pedal on the fines they impose on companies. It is the employees that somehow flout some of these rules.

SHAREHOLDERS of 11PLC (formerly Mobil Oil Nigeria Plc) have approved N2.6billion for payment as dividend translating to 800 kobo per share for its shareholders for the financial year ended December 31, 2017. However, the company‘s profit dropped marginally by 1.4 percent to N15.3 billion in 2017 from N15.5billion posted in 2016. However, financial sales revenue grew significantly to N125.26 billion in 2017, up by 33 percent from N94.11 billion recorded in 2016.

THE release of more half year, H1’18, positive corporate results will spike trading on the Nigerian Stock Exchange, NSE, this week as equity trading drew to a positive close, finishing 58 bases points, bps, higher last weekend, majorly supported by oil and gas stocks.

Former President of the Chartered Insurance Institute of Nigeria, CIIN, and the Managing Director of Alpha Choice Insurance Brokers, Mr. Sunny Adeda, in this interview talks on effects the economy is having on insurance business. Excerpt.

THE nation’s insurance industry loses N100 billion yearly to capital flight due to lack of adequate capacity to underwrite the high risk in aviation insurance business.

INSURANCE companies and  banks are to issue fiduciary bonds, also known as, integrity bonds to contracts for infrastructure projects, consultancy engagements and so on.

National Coordinator, Independent Shareholders Association, ISAN, Mr. Adeniyi Adebisi, in this interview with Financial Vanguard spoke on audit committee membership and the provision of CAMA as well as government policy that affects the petroleum marketing companies quoted on the Nigerian Stock Exchange, NSE. Excerpts

Mr. Oluwaseyi Abe is the Chief Executive Officer of Magnartis Finance and Investments Limited. In this interview, Abe offers insights into current developments in the capital market, regulatory framework to market infractions, achievement of Chartered Institute of Stockbrokers, CIS among others. Excerpts

Managing Director/Chief Executive Officer of Sigma Pensions, Mr. Dave Uduanu, in this interview talks on challenges of investing part of the pension fund in infrastructure. Excerpt.

The business of microfinance banks is largely focused on supporting the active poor in the economy. When I say the active poor, I mean those engaged in economic activities but lack enough capacity to borrow. The current economic situation has negatively affected the MfBs purely because of this reason, apart from Lagos State where the government is able to pay workers salaries, almost all the other states in the country are hardly able to pay salaries.

THE excess liquidity prevailing in the interbank money market will persist this week due to inflows of over N1 trillion expected from matured treasury bills and statutory allocation to the three tiers of government.

REPORTS of the Nigerian Interbank Settlement System, NIBBS, have indicated that Nigeria’s electronic payment (e-payment) services recorded N38.5 trillion transactions in the first half of 2018, H1’18, about 38.4 percent higher than the N27.8 trillion in the corresponding period of 2017, H1’17

NIGER Insurance Plc is set to attract fresh capital from new investors in a bid to drive its transformation initiative.

NIGERIA Bottling Company, NBC, bottlers of Coca Cola has said it will continue to invest in glass bottles as content container for its brands as it is more environmentally friendly, and helps the consumer to have a healthier drink.

SHAREHOLDERS of FMDQ OTC Plc have approved the plan by the Board of Directors to raise N5 billion fresh capital to further boost its operation.